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NIE

Virtus Equity & Convertible Income Fund
NIE

72 hedge funds and large institutions have $190M invested in Virtus Equity & Convertible Income Fund in 2020 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 6

24% more capital invested

Capital invested by funds: $154M → $190M (+$36.2M)

14% more funds holding

Funds holding: 63 → 72 (+9)

10% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 20

1.39% more ownership

Funds ownership: 22.85% → 24.24% (+1.4%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
72
Holders Change
+9
Holders Change %
+14.29%
% of All Funds
1.27%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
15
Increased
22
Reduced
20
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$4.81M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$2.64M
3
KIM
Karpus Investment Management
New York
+$2.3M
4
ACM
Anfield Capital Management
California
+$1.66M
5
Morgan Stanley
Morgan Stanley
New York
+$1.02M

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$2.48M
2
GEM
Global Endowment Management
North Carolina
-$1.46M
3
GC
Guggenheim Capital
Illinois
-$1.21M
4
WAM
Wolverine Asset Management
Illinois
-$592K
5
CRC
Curi RMB Capital
Illinois
-$519K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
26
Steward Partners Investment Advisory
New York
$935K +$131K +4,966 +18%
Ameriprise
27
Ameriprise
Minnesota
$866K -$96.7K -3,660 -11%
TC
28
Telemus Capital
Michigan
$852K +$45.2K +1,713 +6%
GG
29
Golden Green
South Carolina
$804K +$751K +28,445 New
Truist Financial
30
Truist Financial
North Carolina
$762K -$4.31K -163 -0.6%
CWM
31
Cornerstone Wealth Management
Missouri
$626K +$54.8K +2,076 +10%
PNC Financial Services Group
32
PNC Financial Services Group
Pennsylvania
$623K -$13.2K -500 -2%
DWM
33
Dakota Wealth Management
Florida
$602K +$106K +4,020 +23%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$529K +$8.29K +314 +2%
IFWM
35
Institute for Wealth Management
Colorado
$502K -$3.67K -139 -0.8%
Bank of America
36
Bank of America
North Carolina
$498K -$152K -5,750 -25%
BRWA
37
B. Riley Wealth Advisors
Florida
$474K +$442K +16,734 New
ASN
38
Advisory Services Network
Georgia
$427K -$5.04K -191 -1%
WS
39
Wedbush Securities
California
$382K -$52.8K -2,000 -13%
DC
40
Davenport & Co
Virginia
$326K -$12.5K -473 -4%
SFS
41
Shaker Financial Services
Virginia
$310K -$59.4K -2,249 -17%
LPL Financial
42
LPL Financial
California
$309K -$44.6K -1,688 -13%
CBT
43
CoreFirst Bank & Trust
Kansas
$300K +$281K +10,619 New
LWAC
44
Laurel Wealth Advisors (California)
California
$273K – – –
GLLW
45
Graves Light Lenhart Wealth
Virginia
$267K – – –
MA
46
MONECO Advisors
Connecticut
$267K +$555 +21 +0.2%
CAN
47
Claraphi Advisory Network
United States
$244K – – –
Citigroup
48
Citigroup
New York
$238K – – –
PCM
49
Parsons Capital Management
Rhode Island
$226K +$211K +8,000 New
BAM
50
Belpointe Asset Management
Nevada
$205K – – –
1
2
3 4

NIE Hedge Fund Activity: Q4 2020 in Review

72 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2020, worth a combined $190M — up 24% from $154M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new NIE positions and 6 closed out — a net gain of 9 holders — while 22 added to existing stakes and 20 trimmed.

The largest buyer was Wells Fargo, adding an estimated $4.81M. The largest seller was Advisors Asset Management, cutting an estimated $2.48M.

  • 72 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2020, up from 63 in Q3 2020.
  • Funds reported $190M of Virtus Equity & Convertible Income Fund stock for Q4 2020, up 24% quarter-over-quarter.
  • 15 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2020 and 6 closed out, a net change of +9 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q4 2020 was Wells Fargo, an estimated $4.81M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q4 2020 was Advisors Asset Management, an estimated $2.48M sold.

Based on aggregated 13F filings for Q4 2020.